Coca-cola Co.

November 6, 1985|By Deanne Brandon

NEW TEAM. An investors group led by professional basketball player Julius Erving and New York businessman J. Bruce Llewellyn is buying Philadelphia Coca-Cola Bottling Co. The purchase will result in black ownership of one of the country's largest bottling companies. The seller, Coca-Cola Bottling Co. of New York Inc., refused to disclose the purchase price. The sale is to be completed in December. Llewellyn had been chairman of the board of Philadelphia Coke since 1983. Erving, star of the Philadelphia 76ers, has been a commercial spokesman for Coke.